Chat Transcript

Sameet Chavan

Chief Analyst - Technicals & Derivatives , Angel Broking

Where do markets stand technically?

Questions Answered

Q

guest: What is the future of Reliance Industries?

Sameet Chavan: It has been making new highs since last few months and we believe that it would continue to do so. The stock has a potential to even enter the four digit territory now. But fresh investment should be done in a staggered manner on any meaningful dip

Q

guest: Best investment option sun pharma is right

Sameet Chavan: We are quite upbeat on this stock and have been recommending since last couple of weeks. Although, it`s too early to take this call but we believe that this stock has bottomed out now and soon we may see it resuming its multi year bull run

Q

guest: Any future growth for just dial ltd

Sameet Chavan: This is one of the stocks in which we have recommending buying in recent dips. It seems that 350 - 340 has become a base now and the stock is poised for a strong up move in coming months.

Q

labani90: Sir I bought NALCO @ 81.4 and Cineline India @91.85. What is your views for these stocks in short term.

Sameet Chavan: You should certainly stay put in NALCO. The stock is likely to outperform going ahead. We can see this stock heading towards 95 - 105 in months to come.
Honestly speaking, i do not track this counter. But the way volumes have picked up in the recent past, it looks quite encouraging. Considering recent price and volume activity one should hold with a strict stop loss below 76

Q

suku_ajish: Hi Sir, I want to understand from technical charts. How can we do investment. selecting a share and when can we exit a share by using technical charts. please help me

Sameet Chavan: It`s good to see that you are making some efforts to understand these studies and wants to take your own decision. I would suggest first gather some decent knowledge of the study. There are plenty good books available on the internet. Go through it and keep practicing it for some time.

Q

htcshare: Sir
I have 400 share of IRB at 238 price.please suggest me buy or Hold

Sameet Chavan: This stock is in a consolidation mode. Hold on for now. Strict stop loss below 195

Q

guest: Hi.... Tell me something about ONGC

Sameet Chavan: This has been a laggard since last three years. Not so sure about its near term movement but if you are willing to add this stock in your portfolio then i guess this is the right time. Thought, you will have bare some time wise pain, Accumulate in a staggered manner

Q

guest: Please suggest about Sumi Motherson and Maruti for short term prospects.
Kind Regards
Manish Jain

Sameet Chavan: with a near term view, Motherson has stiff hurdle around 342 - 345. It needs to surpass this level to extend this rally. If you are looking to enter, its advisable to buy only after surpassing this resistance zone.
There has been no stopping for Maruti. Use minor dips to buy

Sameet Chavan: Hold as of now the broader trend remains strongly bullish

Q

guest: i bought apollo hospital 30 share @1100 rupees.what can i do next? hold or release.

Sameet Chavan: Exit if stock trades below 1040

Q

guest: What is the future of pharma sector specialy FORTIS and sunpharma

Sameet Chavan: Not sure about Fortis but We are quite upbeat on Sun Pharma and have been recommending since last couple of weeks. Although, it`s too early to take this call but we believe that this stock has bottomed out now and soon we may see it resuming its multi year bull run